Most Popular
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[Exclusive] Democratic Party of Korea forms US election task force
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Seoul seeks to improve foreign nanny program after two abscond
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[Grace Kao] NewJeans fights Hybe for their survival
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Samsung, top banks to create W2tr green growth fund for SMEs
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Malnutrition cases nearly triple in last 5 years
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KFA Chair denies unfair hiring of national coach
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An increasing number of K-pop idols are breaking free from big agencies. Why?
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Couple welcoming quintuplets to receive over W170m in childbirth grants
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Korean automakers pressured to diversify supply chains as US bans Chinese tech
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[Herald Interview] Portraying a version of god for young people in 'Hadestown'
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Dongbu Daewoo Electronics to display K-pop contents on TVs for sale
[THE INVESTOR] Dongbu Daewoo Electronics will collaborate with Korean entertainment companies to boost its TV sales overseas, the company said on June 28. Joining hands with entertainment firms including DSP Media, home to girl groups Rainbow and April, the Seoul-based electronics firm will showcase K-pop music videos on its TVs in global markets, including Central and South America, Southeast Asia and Europe. “Dongbu Daewoo Electronics’ TVs displaying K-pop content will help create a favorable
IndustryJune 28, 2016
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[H2 ECONOMIC POLICY] Gov’t to overhaul foreign worker policies by Dec.
[THE INVESTOR] The government will overhaul foreign worker polices by the end of the year to attract highly trained foreign talent, while suppressing the influx of untrained workers, the Ministry of Strategy and Finance said on June 28. As part of the measures, the government plans to introduce a special program exempting visa requirements for highly trained foreign workers. The Ministry of Strategy and FinanceAt present, foreign professional need graduate degrees, or have a bachelor’s degree wi
June 28, 2016
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Hanjin Shipping to return 38 ships by 2017
[THE INVESTOR] Ailing Hanjin Shipping has decided to return a total of 38 chartered ships to owners by 2017 as a part of its cost-cutting efforts.The company, which was put under a creditor-led restructuring program, will return 18 chartered bulk carriers and 20 container vessels which have been a major drag on its balance sheet. “We hope to save significant costs from the return. We will put our utmost efforts to stabilize the financial health at the earliest,” an official at the firm said. Of
IndustryJune 28, 2016
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Asiana Airlines under fire for flying repaired jet
[THE INVESTOR] Asiana Airlines is under fire for allowing passengers to board a repaired jet that caught on fire earlier, local news reported on June 28. Asiana Airlines flight OZ222 from JFK Airport in New York City to Seoul was getting ready to take-off in two hours when its engine caught on fire at 11:30 a.m. on June 24 (local time). The air carrier immediately called the fire station to extinguish the flames. It investigated the cause and repaired the craft with officials of Airbus, the manu
IndustryJune 28, 2016
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S. Korea to further strengthen coordination with China on N. Korea
Prime Minister Hwang Kyo-ahn said Tuesday that South Korea will further strengthen coordination with China to deal with North Korea's nuclear standoff and provocations. Hwang, who is on a five-day visit to China, made the remarks during a meeting with South Korean correspondents in Beijing ahead of meetings with Chinese leaders, including President Xi Jinping and Premier Li Keqiang. North Korea, which has been hit by tougher U.N. sanctions following its fourth nuclear test in January, claimed la
Diplomatic CircuitJune 28, 2016
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Kumho Asiana chief awarded Legion of Honor
Kumho Asiana Group chairman Park Sam-koo was awarded a high-level decoration from the French government Monday for his contributions to bilateral exchanges between Korea and France, and to the aviation industry in both countries.Park received the Legion of Honor (Legion d’honneur) from French Ambassador to Korea Fabien Penone at Penone’s residence in Seodaemun-gu, central Seoul. Kumho Asiana Group chairman Park Sam-koo (right) receives the Legion of Honor from French Ambassador to Korea Fabien
IndustryJune 28, 2016
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New documentary on North Korea to be released in July
A new version of a Russian documentary offering a rare glimpse into life inside North Korea will be released next month with the addition of explanatory subtitles for Korean audiences, the film's domestic distributor said Tuesday.Heo Eun-do, representative of A-List Entertainment, said the Russian documentary maker Vitaly Mansky's latest work "Under the Sun" will be shown to the public on July 14 with Korean subtitles and narration for easy understanding by Koreans.A new version with English sub
North KoreaJune 28, 2016
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Ji Sung, Park Bo-young chosen best Korean TV actors
Park Bo-young, the heroine of the Korean TV series "Oh My Ghostess," has received best actress from an annual drama awards hosted by an American online Asian drama-streaming site.Park won the honor on Monday (local time) for her role as the assistant chef of a restaurant possessed by a lustful, virgin ghost, in the Korean cable TV channel tvN's 2015 romantic comedy series."I'm so thrilled because this is my first time to receive an award like this," Park said during the awards ceremony of the 4t
TelevisionJune 28, 2016
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Sulfuric acid leaks, injures 6 construction workers in Ulsan
About a thousand liters of sulfuric acid leaked from the construction site of a smelter factory in the country's industrial city of Ulsan Tuesday, injuring six workers, firefighters said.The incident took place at around 9:15 a.m. at a factory owned by Korea Zinc Inc., the country's largest zinc smelter, some 414 kilometers southeast of Seoul.The chemical at some 70 percent concentration leaked as six workers were disassembling pipes for maintenance. All six are suffering from burns, with three
Social AffairsJune 28, 2016
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S. Korea rejects N.K. offer for joint meeting involving parties, key figures
South Korea on Tuesday rejected North Korea's offer to hold a meeting involving both sides' political parties and social organizations in August, saying that denuclearization should be prioritized as a precondition for dialog.North Korea on Monday proposed to hold a joint conference of political parties, organizations and individuals between the two Koreas around Aug. 15 to mark the 71st anniversary of Korea's liberation from Japan's 1910-45 colonial rule. The North offered to have a working-lev
Diplomatic CircuitJune 28, 2016
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Electronic payment amount grows in Q1 despite cut in number of uses
The amount of payments made electronically continued to increase at a fast clip in the first quarter despite a drop in the number of payments made through such unconventional means, central bank data showed Tuesday.The daily average amount of electronic financial transactions came to some 300.3 billion won ($253.74 million) in the January-March period, up 8.6 percent from the previous quarter, according to the data from the Bank of Korea.The Q1 reading marks a slight deceleration from a 9.6 on-q
TechnologyJune 28, 2016
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Female employment rate inches up in 2015
Korean women's employment rate edges up 0.4 percentage point last year to represent a rising female economic participation trend in the country, government data showed Tuesday.The employment rate of South Korean women reached 49.9 percent in 2015, up from 49.5 percent a year earlier, according to the data compiled by Statistics Korea. That of men, meanwhile, fell to 71.1 percent from 71.4 percent over the cited period.As a result, the gap between men and women narrowed to 21.2 percentage points
Social AffairsJune 28, 2016
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N. Korea equipping its border patrol boats with U.S. Gatling guns
North Korea has started to equip its border patrol boats with U.S.-made Gatling machine guns, military sources said Tuesday."North Korea has been seen replacing its aging weapon systems with the rotary gun system," a military insider said. "If all the 380-something North Korean littoral combat boats are armed with the machine gun, this would pose an added threat to our Navy."The sources said the weapon replacement seems to be aimed at strengthening North Korea's naval combat capabilities especia
North KoreaJune 28, 2016
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Seoul shares turn higher in late morning trades
Korean shares turned higher late Tuesday morning as investors took relief from stimulus steps by central banks worldwide to contain the fallout from Britain's vote to leave the European Union.The benchmark Korea Composite Stock Price Index rose 1.55 points, or 0.08 percent, to 1,928.40 as of 11:20 a.m., after dropping to an intraday low of 1,907.49. (Yonhap)Investor sentiment is also boosted by the Korean government's plan to draw up trillion won supplementary budget, to help cushion the impact
June 28, 2016